Syriza Trounces New Democracy; Greeks Stop Paying Taxes; Run on Greek Banks Escalates; Get Out!

Townhall.com ^ | January 26, 2015 | Mike Shedlock

[MrB]

Oh... you’re “that guy”.

[alstewartfan]

Do you really believe that a dark day might come when it would be profitable for Constitutionalists to be seen “working together” with radical Marxists such as Obama? I don’t get what you are saying. Bob

[Steve_Seattle]

"Stock up on food and ammo. Global economic meltdown this year."

Maybe those Shemita guys are right, and September 2015 will see a third major economic hit, completing the seven year cycle. ("Shemita" is a Jewish concept referring to a seven-year cycle of debt forgiveness and/or economic downfall.) Both 2001 and 2008 saw major hits to the economy, both centering in September.) This has become a big issue with some Christian evangelicals.

[PGR88]

Blame the Greeks if you want - but above all, blame Europe’s statist, elitist financial system and Central Bank, which pumped up the debt a decade ago (just like the US housing crisis) and now is trying to solve the problem with bailouts to banks and QE.

The Greeks should have never been in the Euro in the first place, but it was the Brussels wet dream to create the all powerful, progressive/socialist European super-state.

We have a very similar financial system in the USA, and are moving to the same thing here in the USA too

[outofsalt]

[A_Former_Democrat]

Nonsense

It’s “climate change”

RIP Greece . . . all hot Greek women welcome in USA

[Bogey78O]

“Europe is self-destructing,”

The lack of awareness of the cause and solution while realizing the current situation is like watching a kid with a stomach ache who just downed a gallon of Kool-Aid and handfuls of pop-rocks insisting that candy and kool-aid will make it all better.

Socialism for them in the trouble and they insist socialism will get them out of it even when socialism has never created prosperity

[RKBA Democrat]

“Do you really believe that a dark day might come when it would be profitable for Constitutionalists to be seen “working together” with radical Marxists such as Obama?”

Not obama, but a radical leftist like bernie saunders or fauxahontas? Possible. Not particularly likely in the near future, but given our debt trajectory in 10 or 15 years?

Greece is hopelessly bankrupt. They’re going to repudiate their national debt. The question is merely when and under what conditions. Looks like the Greek people have decided on sooner rather than later. Their economy is now predominantly black market. The Greek government could raise taxes till they turned blue and they’re still not going to be able to pay their debtors back.

[Kenny Bunk]

Let's be philosophical about this.

After all it was these very Greeks that pointed out to us around 300 BC that "democracy" begins to die in the very minute that elected politicians discover they can write checks on the public treasury to pay their friends for their votes. At the same time they can financially punish their enemies with taxes.

There you go. Tribalism... Democracy.... Oligarchy.... Tyranny ... Revolution .... repeat for a few millenia. Us? Looking to me like the "Oligarchy" stage is well under way.

[MHGinTN]

“The Greek government could raise taxes till they turned blue and they’re still not going to be able to pay their debtors back.” The same oligarchs who put Greece in that hole are using their puppets to push America into the same hole. If Greece had the means to go to war, the reset could be done, but the oligarchs care not a whit that the Greek people are being sacrificed to show Russia what awaits them if they don’t get onto the debt creation economy.

[drypowder]

Bush took a page out of the Clinton play book with that statement. As Butch Reno stated; they had to destroy Mt. Carmel at Waco TX to save it, killing 86 people I the process including women and children. Bush's TARP Wall Street bank bailout didn't save anything. It made a few banksters much wealthier and kept a few from going to jail but the financial collapse still looms. TARP just postponed it until the US government gets better prepared to defend itself against the pissed off American people.

[blueunicorn6]

This whole problem with Greece came to light when some government employee took a look at a satellite photo of Athens and saw all the swimming pools in the backyards. Greece had a tax on building swimming pools, and no one was paying it. That started the whole house of cards to start falling.

[SpirituTuo]

Have Greeks ever paid taxes? Wasn’t that the big problem during the first meltdown? People didn’t pay property tax, and the tax man didn’t come after them.

[oldfart]

“Angeliki Mousouri, a dentist who is paying off more than €20,000 of tax arrears, said she missed a monthly installment due in December. “I don’t expect to be penalized,” she said. “If Syriza is the government they will show leniency to cash-strapped taxpayers.””

Yeah, and Obama was going to pay the rent, buy gasoline and pass out magic unicorns too. How’d that work out?

[oldfart]

Angeliki Mousouri, a dentist who is paying off more than €20,000 of tax arrears, said she missed a monthly instalment due in December. “I don’t expect to be penalised,” she said. “If Syriza is the government they will show leniency to cash-strapped taxpayers.”

And Obama was going to pay the rent, buy gasoline and hand out magic unicorns too. How'd that work out?

[oldfart]

Angeliki Mousouri, a dentist who is paying off more than €20,000 of tax arrears, said she missed a monthly instalment due in December. “I don’t expect to be penalised,” she said. “If Syriza is the government they will show leniency to cash-strapped taxpayers.”

And Obama was going to pay the rent, buy gasoline and hand out magic unicorns too. How'd that work out?

[oldfart]

Oops!

[alstewartfan]

I agree with you totally. Bush let America down, and I can no longer defend him. Actually, from about 2005 on, I refused to defend his policies. “Nation building” INDEED!

[IamConservative]

One can vote against austerity. Austerity doesn’t care.

[Viennacon]

Precisely. Nobody has talked about the fact that GD’s support barely dropped in spite of the fact that all their leaders have been jailed and the media has had a blackout on them